Full-fledged Spring Season Buying Influx
Gyeongju Silla Up 8.5%·Giheung Up 2.3%
Seowon Valley Down 2.4%·Yangsan Down 1.1%
Golf membership prices have shown a firm upward trend following the Lunar New Year holiday. This is the result of the influx of buying demand for the full-fledged spring season coinciding with early-year purchase inquiries.
According to the Donga Membership Exchange on the 28th, the average price of 100 major memberships nationwide rose 0.39% from the previous week to 221.91 million KRW. By price range, the ultra-high price segment increased by 0.08%, the high price segment by 0.71%, the mid-price segment by 0.42%, and the low price segment by 1.18%.
The average price in the central region rose 0.24% from the previous week to 250.28 million KRW. Popular items in the Yongin area showed a clear upward trend as selling offers increased. 88 recorded 233 million KRW, up 4.3% from the previous week due to active purchase orders, and New Seoul also rose 5.8% from the previous week to 308 million KRW due to accumulated purchase orders. Giheung also formed a price of 225 million KRW, up 2.3% from the previous week. Blue One Yongin likewise rose 2.1% from the previous week to 245 million KRW after transactions of low-priced listings. Jayu saw a significant jump driven by expectations for the 9-hole expansion decided on December 19 last year. It is trading at 235 million KRW, up 14.9% from the previous week.
The southern region also showed a similar level of increase as the central region. The average price in the southern region rose 0.22% from the previous week to 145.38 million KRW. Gyeongju Shilla rebounded as listings disappeared. With accumulated purchase orders and rising selling offers, it recorded 142 million KRW, up 8.5% from the previous week. Changwon saw a 2.31% increase compared to the previous week as selling hesitation continued and only high-priced listings appeared. Daegu recorded 145 million KRW, up 10.3% from the previous week, as buying demand actively flowed in amid intense selling and buying competition. On the other hand, Yangsan showed a slight decline (-1.1%) to 97 million KRW as purchase orders decreased approaching the maturity return period.
Lee Yun-hee, team leader of the southern region at Donga Membership Exchange, said, "The southern region membership market is seeing a strong influx of buyers who had been waiting for a low-price buying opportunity," adding, "We expect inquiries about transactions to continue increasing."
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